Common use of No Assumption by Paying Agent Clause in Contracts

No Assumption by Paying Agent. Transfer Agent, Calculation Agent or Registrar. In acting under the Indenture and in connection with the Notes, the Paying Agent, the Transfer Agent, the Calculation Agent and the Registrar shall act solely as agents of the Trust and will not thereby assume any obligations towards, or relationship of agency or trust for, any of the Holders.

No Assumption by Paying Agent. Transfer Agent, Calculation Agent or Registrar. In acting under the Indenture hereunder and in connection with the NotesNotes of any series, the Paying Agent, the Registrar, the Transfer Agent, Agent and the Calculation Agent and the Registrar shall act solely as agents of the Trust Company and will not thereby assume any obligations towards, or relationship of agency or trust for, any of the HoldersHolder.